- 1). Click on the "Massachusetts" link on the "HUD Homes" page of the HUD website. HUD uses private management companies to list and sell HUD homes. Click on the "Massachusetts" link to find the current Massachusetts HUD home listings. As of May 2010, CitySide Management Corporation manages HUD properties for sale in Massachusetts.
- 2). Use CitySide Management Corporation's "Massachusetts" page to search for Massachusetts HUD homes for sale. You may search by city, county or price range. Note the property case number of homes when viewing search listings if you wish to find individual properties later by the case number. Make a list of HUD properties you would like to bid on and purchase.
- 3). Click on the "Find a HUD Registered Agent" on the same "Massachusetts" page to find a HUD agent for bidding. You must find and use a HUD registered broker to buy HUD homes. Arrange a home inspection with the HUD broker. Note that HUD sells homes on an "as is" basis. You need to look at the condition of a home to determine the amount of your bid. You may also choose to hire a local home appraiser to place a value on the home.
- 4). Negotiate with fellow investors or lending institutions to raise funds for buying the homes. Prepare a bank statement or other proof of sufficient assets or loan-approval documents for your real estate broker. Lenders will preliminarily approve you for a loan if you qualify.
- 5). Have your real estate broker place bids on the properties you would like to buy. The broker will handle all of the documents in the event that you place a winning bid on a HUD house. Make sure you keep in contact with the broker to provide any additional information the broker may need to process the HUD home purchase. You will also need to speak to the lender to finalize the loan in the event you have a loan to purchase a HUD property.
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